Market Information Immediately – USD holds near 3-mth highs (USDIndex 93.10) on safe-haven bid. Equities bounce again (+1.5%; however VIX +8.00% immediately! 21.60). Yields stay pressured however off 5-month lows (10yr @ 1.21%). Virus considerations weigh. In a single day – Shares in Asia adopted US greater, Netflix posted robust progress and plans to supply video games on-line, however the important thing subscriber numbers and outlook have been poor. JPY exports higher than anticipated and AUD Retail Gross sales (June) dived (-1.8%) as a consequence of lockdowns.
European Open – DAX and FTSE 100 futures are at present up 0.1% and U.S. futures are additionally posting slight features, though the NASDAQ is struggling after a combined session throughout the Asia-Pacific area. Markets stay cautious and are preserving a weary eye on virus developments. The ECB is predicted to strengthen the ahead steering at tomorrow’s steering and the set backs on the virus entrance are more likely to hold central banks in wait and see mode for now as a extra gradual restoration will even scale back demand aspect inflation pressures.
Immediately – EIA Oil Inventories, provide from Germany & the US. Earnings from Daimler, Novartis, Verizon, Johnson & Johnson, Coca-Cola
Largest FX Mover @ (06:30 GMT) AUDJPY (-0.50%). Bounced from 6-mth low underneath 80.00 yesterday to 80.67 highs earlier. Declined to 80.15 following in a single day information. Breached 21EMA earlier, sooner MAs aligned decrease, RSI 41 and falling, MACD sign line & histogram on 0 line and weak. H1 ATR 0.130, Day by day ATR 0.845.
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Stuart Cowell
Head Market Analyst
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